Full Year Results 2013
2013: a year of above-market growth in Poland and Portugal
Net profits rose 6% to over 382 million euros
Main highlights of the year
- Net Sales rose 10.7% to 11.8 billion euros
- Operational Cash Flow (EBITDA) rose 5.1% to 777 million euros (Biedronka generated 77% of the Group EBITDA)
- Net Profits rose 6% to 382 million euros, increasing the profit per share to 0.61 euros
- Net Debt was 346 million euros, with gearing of 21%
- Capex investment of to 540 million euros
- Investment in Biedronka corresponded to 74% of the Group's total investment programme
- Investment in Distribution in Portugal of 90 million euros
- Creation of 8,256 new jobs, corresponding to growth of 12% compared with 2012
- Opening of first stores and Distribution Centre in Colombia in March 2013
- All the Group's food distribution formats and retail chains recorded sales growth ahead of their sectors, reinforcing their market positions
- More than 13.4 million euros in direct support for surrounding communities
- Proposed gross dividend of 0.305 euros per share (+ 3.4% than the previous year)
